Advanced Contract Theory

Named after the famous tulip bulb auctions of the Netherlands in the 17th century, a Dutch auction proceeds by reducing the price until a buyer is found. To learn more about this type of auction, please see lecture 4 in the lecture notes of this course. (Image courtesy of Aayesha Siddiqui.)

About MIT OpenCourseWare

MIT OpenCourseWare makes the materials used in the teaching of almost all of MIT's subjects available on the Web, free of charge. With more than 2,400 courses available, OCW is delivering on the promise of open sharing of knowledge. Learn more »